A l/c asks for: a) a marine b/l evidencing shipment from Country A to Country B with transhipments allowed b) a shipping declaration stating that the vessel is allowed to enter the ports of Country B and that the vessel is not more than 20 years of age The beneficiary presents: 1) a bill of lading s...

It has been argued that the specific condition in the credit for the B/Ls to be issued by the shipping company or its agent overrides the UCP and therefore in this case the CPBLs are discrepant. A counter argument is that this condition is a repetition, rather than an excludion, of UCP. Art. 1 state...

a letter of credit, under field 46A, asks for: "full set B/Ls ............ signed by the shipping company or its agent" and additionally states under field 47A that "charter party B/Ls are acceptable" Beneficiary presented a CP B/L signed by the Master. Would you consider the sig...

Dear all With reference to the above para. I would appreciate your contribution explaining the condition: ....... or any presentation period stated in the credit, unless the credit explicitly states the basis for determining such presentation period. To my mind this sounds contradictory but perhaps ...

I find it irregular for the issuing bank to state that the applicant has refused the documents, unless of course it was a follow up of an earlier refusal wherein the issuing bank refused the documents, which does not seem to be the case. The applicant is not a party to the credit and the issuing ban...

Tracy
An unusual occurance indeed. I believe the issuing bank is under no obligation to comply. Is the credit applicant aware of the reason for this recall? Perhaps the documents are no longer in the issuing bank's possession.
Regards
Carmel

I would refer to UCP Art 35
Best regards
Carmel

Antonio
This has happened before. See my post of the 19.1.11.
Definetly a case of an overly zealous document checker and you cannot solve this by quoting the rules. I solved my problem by phoning someone higher up at the issuing bank.
Regards
Carmel

Dear all A standby L/C for EUR10,000 payable agaisnt presentation of a statement of default is confirmed by the confirming bank. Subsequently, the credit amount is increased by EUR1,000 . In its acknowledgement of the amendment the confirming bank states Quote: Any presentation made to the extent of...

Jeremy
My thoughts exactly. Despite huge pressure and assertions that some huge bank found no difficulty with this wording, we did not give in.
Thanks for your contribution.
Regards
Carmel